What can Home Recovery do?

What can Home Recovery do?

Buy out a clients’ mortgage – repossessions stopped
Mortgage and secured loans are paid off, whilst unsecured debts are put into a DMP
Rental payments tailored to suit each individual clients’ budget
Cash-back and reduced rental payments available (depending on the LTV available)
Option to buy back the property after 2 years – vendor deposit and costs paid
Share of equity and guaranteed buy-back prices available
Create a purchase mortgage opportunity for you after 2 years

Clients best suited:

Clients with mortgage arrears or facing repossession
Clients coming to the end of a fixed rate and can’t re finance
Clients who are retired or on benefits
Clients with poor credit, unable to source remortgage / secured loan products for the purpose of consolidation
Clients on unrealistic self-cert mortgages
Clients in Debt Management or IVA’s

Basic pre-qualification criteria:

LTV less than 75% - the lower the better
Unlimited arrears / CCJs
No income or employment required
No age restrictions

Unique Selling Points:
Client stays in their home

No up-front fees
Fast Professional and discreet solution to financial problems
Equity release – cash-back potentially available
Opportunity for future re-purchase and get back on housing ladder

How do I refer clients:
Fax or email clients to DB Housing Solutions

Or submit onlinedirect to DB Housing Solutions
DB Housing Solutions cover all the costs in processing the case
On completion commission paid

What will I earn?
Commission structure based on LTV at which property is purchased

<75% LTV = £1000
<70% LTV = £2000
<60% LTV = £3000

Example Cases

Example 1

Property valued at £200,000 the mortgage was £90,000 over 16 years, secured loan at £14,000
Clients were paying £1025 pm
We set a rental payment of £650 pm
We reduced the unsecured debt from £700pm to £350pm
Total saving to client was £725pm they also received £5000 cash back

Mtg + ERC £95,400
Sec Loan + ERC £14,700
Costs £5,500 (inc Stamp duty and all transaction costs approx £3500 per case)
Cash back £5,000

Total £120,600 = 60% LTV = £3000 commission

Further Information

For further information contact DB Housing on 01388 660246 or visit www.dbhousingsolutions.co.uk